GlastonSpur
Also disliked on an Aston Villa forum
- Joined
- Feb 4, 2007
- Messages
- 17,716
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- Spurs
I tried so hard not to reply to this wumming, but I cannot help myself:
* Spurs are not the most profitable club in the PL, except for maybe percentage-wise, because of your low wage-bill. But you will not be for long. See below.
* Spurs financial report that you refer to ncludes the last TV-money deal, the clubs you refer to do not. Its also pretty much the only reason why your turnover is improving. The clubs that you refer to will exceed your income"raise".
* The additional income you will recieve from your new stadium will be dwarfed by the interest payments and amortizations you need to make during the next 10 years. After that I guess you will reap the benefits though. And I dont disagree that this was the longterm best thing to do for Spurs. But if you dont think this will cripple you in the next couple of years as it did Arsenal, you are delusional.
* Why do you think Chelsea and Pool abandoned their projects? Look at your own, it would cripple them financially and competition-wise the next 5-10 years. Especially a team like Liverpool.
I will give you one last fact that is not a PR-spin: Spurs payroll is by far the smallest of the top-6 clubs. The wage bills of all major clubs are still waiting for the total impact of the inflation of the transfer market. It will hit hard this summer and extremely hard the next summer. And it will not hit any club harder than Spurs since you are underpaying your squad already.
Sell as much cheese and micro-brew as you want but you will not escape this. Your next 5-10 years will be tough as feck if Levy and the gang does not sell. How are you blind to this, I would be scared as feck for what is coming if I were a Spurs-fan. Luckily I am not.
Wrong. Name one other Prem club that has come even close to posting an operational profit of £163m before football trading, depreciation, interest, tax and exceptional items are taken into account.
Wrong again. Compared to our old stadium, our new stadium will likely increase our income by something approaching £100m per year. Annual stadium-related interest payments and amortisation will certainly not exceed this figure.
Chelsea's project has stalled for several reasons, including the difficulty in getting planning permission due to on-site complications in relation to their surrounds (railway track etc). Liverpool scrapped their plan because it was too expensive … understandable give their club profits compared to that of Spurs.
Spurs net spend on transfers has been incredibly low for many years. Thus the notion that the new stadium after completion will cripple us even further is a non-starter: we have been pre-loading much of the stadium costs for years now - hence the low net transfer-spend. It's hardly possible for our net-spend to be lower than it has been.
Your final point is makes no sense. Given that Spurs payroll is by far the smallest of the top-6 clubs - and that the wage bills of all major clubs are still waiting for the total impact of the inflation of the transfer market - it will hit Spurs the least hardest, not the most.
And if the wages bubble bursts, then Spurs will be in the best position of all.